#Cross-chain infrastructure SYNTHR raises millions of dollars in funding.#
Hot Topic Overview
Overview
Cross-chain infrastructure SYNTHR recently announced it has closed a $10 million funding round across five rounds, with investors including Kronos, NGC Ventures, and Morningstar Ventures. In addition, SYNTHR has also received grant support from 11 organizations, including Oasis Network, Sui, and Sei. SYNTHR is a cross-chain asset protocol and a synthetic asset protocol designed on Layer Zero, enabling users to mint and trade on-chain derivatives.
Ace Hot Topic Analysis
Analysis
SYNTHR, a cross-chain infrastructure, recently announced the completion of its 5th funding round, raising a total of $10 million. The investment came from Kronos, NGC Ventures, Morningstar Ventures, and others. In addition, the project received funding support from 11 other entities, including Oasis Network, Sui, and Sei. Built on Layer Zero, SYNTHR is a cross-chain asset protocol and a synthetic asset protocol, enabling users to mint and trade on-chain derivatives. The funding will be used to further develop its cross-chain technology and expand its synthetic asset platform to support more blockchains and assets. The successful funding of SYNTHR demonstrates the growing market interest in cross-chain technology and synthetic assets, and reflects the investor confidence in the SYNTHR team and its technical capabilities.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SYNTHR is a cross-chain asset protocol designed by Layer Zero that enables the transfer and trading of cross-chain assets.
SYNTHR is also a synthetic asset protocol, allowing users to mint and trade on-chain derivatives.
SYNTHR has completed 5 rounds of financing, raising a total of $10 million, with investments from institutions such as Kronos, NGC Ventures, and Morningstar Ventures.
SYNTHR has also received 11 funding supports from Oasis Network, Sui, Sei and others.